New Product Launch- Australian Money Market The financial markets turmoil in 2008 has caused us to go back to the writings of Warren Buffett’s teacher, the late Benjamin Graham for guidance. Graham was a big fan of risk/volatility control but during his time he used bonds as the solution which still unfortunately exposed clients to capital losses when interest rates increased if they sold prior to maturity. For the past 5 months we have been working to deliver to clients a better cash solution for term deposits and today we officially announce the launch of Australian Money Market which is effectively a term deposit hub. The Australian Money Market platform will allow us to view the daily interest rates offered by a significant number of institutions and then on the maturity of a term deposit simply switch your cash to a different institution automatically and on the same day to take advantage of a higher interest rate offer. The key benefits of this new term deposit hub include: - Completion of all application forms and contract notes after just the one initial account establishment,
| - Same day portability of funds between institutions upon maturity that enable you to continually maximise interest income earned and,
| - Wholesale interest rates on deposit amounts from most institutions in the one place which saves you time and money.
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For more information and advice on how this new term deposit hub can meet your specific needs, please call or email. At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
21st-October-2010 | 
